fixed-assets

Automate fixed asset registers, depreciation, disposals, and lease accounting.

2|1|Updated Apr 15, 2026
One-click install
npx skills add https://github.com/erphq/skills --skill fixed-assets
Or copy as Structured Prompt for Agent
Please help me install this Agent Skill.
Skill: fixed-assets
Source: https://github.com/erphq/skills/tree/main/departments/finance-accounting/03-org-1k-plus/fixed-assets
Command: npx skills add https://github.com/erphq/skills --skill fixed-assets

SYSTEM DOCUMENTATION & REQUIREMENTS

What problem does it solve?

Fixed assets management is error-prone and labor-intensive without a structured process. This skill tracks long-lived assets, automates depreciation, manages disposals, and supports lease accounting to ensure accurate financial reporting and tax compliance.

Core Features & Use Cases

  • Asset register population and location tracking
  • Depreciation calculation across methods (straight-line, declining balance, units of production)
  • Lease accounting (ASC 842 / IFRS 16) and impairment monitoring
  • Real-world example: a mid-sized company maintains a single source of truth for asset data, performs monthly depreciation, and tracks lease liabilities.

Quick Start

Create and populate the fixed asset register for your organization and run the initial depreciation and lease accounting checks.

Frequently Asked Questions about fixed-assets

High-intent search queries and answers about installing and using this skill.

FAQPage Schema
How do I automate fixed asset depreciation across multiple methods?

Automating fixed asset depreciation involves applying structured policy definitions to an asset register, enabling calculations across straight-line, declining balance, and units of production methods to ensure accurate financial reporting and tax compliance.

What is the best way to maintain a fixed asset register for multi-entity organizations?

Maintaining a fixed asset register for multi-entity contexts requires establishing a single source of truth with clear asset taxonomy, enabling automated location tracking, capitalization threshold enforcement, and consistent depreciation calculations across different countries.

How does lease accounting work under ASC 842 and IFRS 16?

Lease accounting under ASC 842 and IFRS 16 requires defining specific lease rules within your asset management system to track lease liabilities, calculate periodic payments, and maintain compliance across multi-country corporate portfolios.

Do I need to define capitalization thresholds before tracking fixed assets?

Yes, defining capitalization thresholds is a prerequisite for tracking fixed assets accurately, as these policy definitions determine which expenditures are capitalized versus expensed and drive subsequent depreciation and impairment checks.

Can I handle asset disposals and impairment monitoring in a single workflow?

Handling asset disposals and impairment monitoring in a single workflow is achievable through policy-driven automation that maintains asset registers, evaluates useful lives, and executes error-handled data validation for continuous financial accuracy.

When do I need fixed asset management for manufacturing versus corporate portfolios?

Fixed asset management is needed when long-lived assets require structured tracking across manufacturing, retail, or corporate portfolios, applying consistent depreciation methods and lease accounting rules to ensure accurate financial reporting.